For Sale
$375,000

500 Woolbright RdBoynton Beach, FL 33435

Turnkey Restaurant, High Sales

Overview

Added:
Dec 11, 2024
Days on market:
114
This thriving Boynton Beach restaurant, located at 500 E Woolbright Rd, is offered for sale at $375,000. Boasting impressive sales of $970,000 in 2023 and projected to exceed $1,000,000 annually, this turnkey operation is fully equipped with all necessary kitchen and dining equipment, free of liens. The 3,500 square foot space offers 120-150 seats, encompassing both indoor and outdoor dining areas. A new 10-year lease is in place at a competitive $37 per square foot NNN, translating to approximately $130,000 annual base rent. The property benefits from a high-traffic location, ensuring consistent customer flow. This presents a unique opportunity for seamless entry into the restaurant market or portfolio expansion. The property is a single-tenant, NNN lease, with 100% occupancy. The sale price equates to $107.14 per square foot. This established business is ready for a new owner to continue its success.

Highlights

  • High-traffic location in Boynton Beach ensures consistent customer flow.
  • 2023 gross sales of $970,000, projected to exceed $1,000,000 annually.
  • Turnkey restaurant with all equipment included; seats 120-150 indoors and outdoors.
  • New 10-year lease at $37/SF NNN, approximately $130,000 annual base rent.

Property Details for 500 Woolbright Rd

Property type
Retail properties, Bars
Square Feet
3,500 SF

Location Insight

City
Boynton Beach
County
Palm Beach
State
Florida
Latitude
26.514234
Longitude
-80.061518
500 Woolbright Rd, Boynton Beach, Florida

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500 Woolbright Rd
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